Navigating $21K of Debt at 27 While Heading Back to Grad School

[@PersonalFinancewithLeila]

Some feedback/info I received: 1) The max an employer is allowed to pay for an employee's education tax-free is $5250/yr. Anything above that amount would be taxable. 2) There is no need to pay for braces with after-tax earned dollars. She could have her employer deduct $228/mo into her HSA and then pay for the braces from her HSA. She would save ~$45 in Federal and FICA taxes with the HSA payroll deduction. Texas has no state income tax. I'll pass this along to Ashtyn of course. Side note: I will never know EVERYTHING about finances, especially with taxes. I'm glad most people understand that. Also, if you have any feedback like this to share, please just leave a comment and/or email me. No need to use my application to submit this!

[@kattttt9585]

Girl the MLM is not worth it ….

[@zadira777]

someone had to say it...

[@alr5286]

My heart broke when she got to the arbonne. Someone point her to Hannah Alonzo!

[@stephaniel6867]

How do you know though? She didn't go into much detail and she also said she already purchases through them. I've seen quite a few people do these programs so they pay a reduced amount on their purchases.

[@kattttt9585]

@@stephaniel6867 I mean she said she can work unlimited overtime hours at her job. That is probably a far simpler way to make extra money than trying to sell those products. Based on her salary, her overtime pay would be at least $30/hr. Not to mention she can probably buy similar products from a normal store & not pay the premium price.

[@PersonalFinanceWithAshtyn]

Arbonne’s products have changed my life so I’ll be continuing to use them and building my Arbonne business. I’m not spending more than I am making with it and I don’t have any fees with the business side so I am all good there! 😊

[@catgodfrey6451]

Seems a very doable budget & payoff time line. Please drop the MLM. If you’re using the product & charged an annual fee it’ll take lots of sales to make up for that. The overtime is so much more worth your extra energy. Good Luck & would ❤ a follow up

[@Ilovetosmile2023]

Ms. Leila, more of this, please?! 🙏

[@EricMoore790]

21K is a cake walk! She can pay that off!

[@ecouch12]

She's so sweet - lots of good things going on. Sounds like she works for a great company too. Best of luck on the plan! You've got this 💛

[@slwdro]

Ashtyn, You got this. I appreciate you being willing to share your story with all of us. Looking forward to seeing hit those goals and paying off that debt. You are in good hands.

[@libbysworld7649]

So excited for this new series. I've added it to my Spotify list. I'll edit this with my review, but wanted to add something to launch it out in the FinTechverse! 🙂

[@mtgfilipa]

Hi Leila , love the thumbnail and excited for the new podcast 🎉

[@PersonalFinancewithLeila]

Thank you so much!! ❤

[@chervs]

If my job reimbursed me 20K a year for school, i would also do grad school ! That's awesome that she is taking advantage. Good luck girl you got this. Mind over matter Looking forward to the series Leila ! 🎉

[@PersonalFinanceWithAshtyn]

Yay!!❤ so exciting!! Thank you for this opportunity!! It was so awesome! I can’t wait for the rest of the series 😊

[@alwaysemilia]

Good luck!! Thanks for putting yourself out there! I listen even though I know all these things because it really helps keep me motivated, so I really appreciate it 😊

[@user55717]

Love your positive spin on things!

[@PersonalFinancewithLeila]

Thank you! I'm glad to hear that!

[@cheyennemckoy2160]

I’ve been waiting for this series!! So excited. Refreshing not to hear you shout about bullshit and taquitos 🎉

[@PersonalFinancewithLeila]

😂😂 thank you so much! ❤️

[@stefflores]

Yay! I've been soooo excited for this series!

[@PersonalFinancewithLeila]

Thank you so much!! ❤

[@Waytoobusy]

Great job!

[@deedeidra]

You got this Ashtyn! ... Well wishes on your finance journey!

[@nomafmaroga6827]

I'm glad another female is doing this series ❤

[@brigitterolens]

OH I love this video!! Thanks for sharing!!

[@PersonalFinancewithLeila]

Thank you for watching!!

[@carolynbailey5238]

Great episode! You can do this, Ashtyn! We are all cheering you on!

[@rachelwagnon9270]

She should add $228 to her HSA each month then spend it from the HSA on her braces. She’s spending it anyway and it will save money on taxes.

[@PersonalFinancewithLeila]

This is a good idea, I'm going to pass along to her!

[@stephaniegray6712]

This was really interesting and it would be cool to see an update when she meets these goals.

[@PersonalFinancewithLeila]

Thank you for watching!!

[@nula.thedoula]

SO EXCITED TO WATCH THIS

[@PersonalFinancewithLeila]

❤❤❤

[@rubyrocks5]

Ooh great start to the DOI podcast series! 27 is SOO young. Crush that debt and start investing ASAP and it’ll give you a huge step up for the future. The Money Guy Show says that each dollar at age 27 is worth $33.80 in retirement, so while there’s nothing wrong with all the little charges, maybe multiply those purchases by 33.80 to see if the cost is still worth it to you. I didn’t start investing until my late 30s, so it will take a LOT more work for me to reach millionaire status by 65!

[@ScrubsandSavings21]

I hope she could focus on working overtime at her 9 to 5 and have a guaranteed extra income coming in!

[@jacobpatterson9440]

She could also get out of debt way faster if she greatly reduced her restaurant budget.

[@ProactiveIfeatu]

"Navigating $21k..." made it sound like that was her income not debt

[@PersonalFinancewithLeila]

Fixed it 🙂

[@celestial_sphere3]

Let's gooooooooo